"We are absolutely ecstatic to be sharing this with everyone who has been following our journey," Bill, 40, added.

The soon-to-be parents appeared on The Today Show this morning to share the happy news, telling Ann Curry, "We are finally having a baby!"

Giuliana also revealed that that they know the sex of the baby, but added, "we're not telling anyone yet."

Their surrogate lives in a different state, but the couple have been escorting her to all her doctor's appointments and have been able to get a glimpse of their baby-to-be.

"We see the baby grow and it's very exciting," Bill said.

"It was pretty much one of the best moments of my life if not the best moment of my life," E! News correspondent Giuliana confessed of the moment she discovered their surrogate was expecting. ""It was pretty emotional," Bill added. "This was our last effort."